Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
9
Votes
Shaquan Webster
  • Rental Property Investor
  • Chesapeake, VA
9
Votes |
7
Posts

Buy Now or Wait for the much talked about recession?

Shaquan Webster
  • Rental Property Investor
  • Chesapeake, VA
Posted

Good Day Bigger Pockets Fam, 

I'm 24 years old. I currently own 1 property (that I live in) in Virginia Beach, Virginia. I;m new to Bigger Pockets and I'm new to real estate in general. I want to invest in rental properties that cash flow in this area. I've been doing a lot of research over the past couple months about real estate and more specifically rentals. With all this talk about the market being out of control with high prices and the upcoming recession, do you feel its best for me (as a "newbie") to wait until then? Should I just keep growing my knowledge and saving so that I can buy more when/if the recession hits?

P.S: If you're in the Virginia Beach area or anywhere in the 757, send me a message I'd love to connect with you!

Thank You

Most Popular Reply

User Stats

2,953
Posts
4,475
Votes
Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
Votes |
2,953
Posts
Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I was told not to buy anything in 2016 because the impending recession was going to crush my dreams

Since then I've bought 32 doors that cash flow 

If you learn from propagandists you'll always be making decisions on false narrative and little context. 

Loading replies...